When it comes to foreign exchange, don’t pick your own bank by default

By Sophie Green

In this ever-changing world, Australian retail clients remain creatures of habit. While most of us know that banks like to charge a fee at every turn, we still don’t challenge them.

This is extremely evident when sending money overseas, where bank fees are not only exorbitant (in excess of 5.00%) but are mostly unclear and often unexpected.

While the comfort of relying on a long-term banking relationship outweighs the need to be price conscious and sensitive, don’t pick your own bank by default.

There are many non-bank foreign exchange service providers. Most offer a more or less convenient solution. And most of them aim to improve the pricing and fees associated with sending funds overseas.

But unfortunately, most have not really advanced the user experience, never mind put the consumer at the centre of their services.

We acknowledge that opening a new account with a bank alternate FX provider can create a bit of hassle, as you have to provide your driver license or passport.

But, depending on the size of your transfer amount, who would not want to save a multiple of $100 per transaction in the process?

At FlashFX, you receive fast, secure and very competitive foreign exchange transfer services built on the latest technology and provides unprecedented visibility and price transparency.

Front and centre is our focus on an exceptional user experience, delivering extraordinary control to users.

With FlashFX, users pick the date; pick the rate; send funds like an email; track transfers like a package; all without any surprise charges. There are none.

If you want to make a positive difference, especially in uncertain times, skip the banks and take back control. Choose FlashFX for your foreign exchange transfers.

Learn more about FlashFX and sign-up to benefit from their cutting-edge technology, great rates, transparency and control.

Tagged in: digital currency, ripple, innovation, technology, blockchain, international money transfers

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